{"id":2106,"date":"2017-11-22T15:58:00","date_gmt":"2017-11-22T15:58:00","guid":{"rendered":"http:\/\/democrats.org\/blog\/2017\/11\/22\/republican-tax-plan-is-bad-for-the-economy\/"},"modified":"2017-11-22T15:58:00","modified_gmt":"2017-11-22T15:58:00","slug":"republican-tax-plan-is-bad-for-the-economy","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/republican-tax-plan-is-bad-for-the-economy\/","title":{"rendered":"Republican Tax Plan Is Bad For The Economy"},"content":{"rendered":"<p>The Republican tax plan would hurt our economy, add to the deficit, and leave the middle class behind. See for yourself:<\/p>\n<p><strong>The theory behind Trump&rsquo;s tax cuts is the same as the Bush-era tax cuts, and we all know how those turned out.<\/strong><\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.vox.com\/policy-and-politics\/2017\/11\/22\/16683462\/trump-tax-is-bad\">Vox<\/a>: &ldquo;The theory behind Trump&rsquo;s tax cuts is exactly what gave us the failed Bush economy&rdquo;<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.vox.com\/policy-and-politics\/2017\/11\/22\/16683462\/trump-tax-is-bad\">Vox<\/a>: &ldquo;The reality is that if we do the exact same thing we did when George W. Bush was president, we will likely get the exact same results &mdash; an inegalitarian growth pattern, an uncompetitive currency that hurts American manufacturing, and an economy based on rich people lending money to middle-class people so they can buy houses.&rdquo;<\/p>\n<p><strong>Top economists agree that the Republican tax plan<\/strong> <strong>would not boost the economy, and would add to the deficit.<\/strong><\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.washingtonpost.com\/news\/powerpost\/paloma\/the-finance-202\/2017\/11\/22\/the-finance-202-there-is-something-very-strange-about-the-gop-tax-plan\/5a1471fd30fb0469e883f730\/?utm_term=.49d0af36adac\">Washington Post<\/a>: &ldquo;Only one of 42 top economists surveyed by the Initiative on Global Markets at the University of Chicago Booth School of Business thought the tax proposals moving through Congress would meaningfully expand the economy over a decade (22 disagreed or strongly disagreed, 15 were uncertain and the rest didn&#39;t answer). And none of those economists, a sampling spanning the ideological spectrum, disagreed the measures would leave the nation saddled with a substantially heavier debt load relative to the size of the economy.&rdquo;<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.washingtonpost.com\/news\/powerpost\/paloma\/the-finance-202\/2017\/11\/21\/the-finance-202-wall-street-to-washington-tax-cuts-are-sugar-high-that-don-t-promote-long-term-growth\/5a1330d830fb045a2e0032b2\/?utm_term=.4333eceb4a44\">Washington Post<\/a>: &ldquo;But Mnuchin&rsquo;s former colleagues on Wall Street don&rsquo;t agree. They argue an economy already humming along doesn&rsquo;t need a massive injection of new stimulus from Washington. And not only do they see the plan failing to pay for itself through added growth, financiers also pointed to a near-term downside resulting from all the new deficit spending the cuts will require, as federal borrowing could crowd out private investment in the economy.&rdquo;<\/p>\n<p><strong>It&rsquo;s clear the middle class would not benefit from the Republican plan. <\/strong><\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.npr.org\/2017\/11\/21\/565767058\/study-finds-republican-tax-bills-directly-benefit-businesses-not-the-middle-clas\">NPR<\/a>: &ldquo;In an effort to sell their tax plan, Republicans in both House and Senate have touted the benefits for the middle class. But a close review of the plans reveals that such claims are misleading.&rdquo;<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.washingtonpost.com\/news\/the-fix\/wp\/2017\/11\/21\/__trashed-2\/?utm_term=.e59b5cb72b49\">Washington Post<\/a>: &ldquo;It&#39;s not difficult to see this winding up in just about every piece of Democratic pushback on the Senate GOP&#39;s tax bill. &lsquo;Half of Americans would wind up paying more in taxes&rsquo; is a pretty powerful talking point &mdash; as is &lsquo;the wealthy clearly benefit from this bill, but the middle class doesn&#39;t.&rsquo;&rdquo;<\/p>\n<p>El plan tributario republicano da&ntilde;ar&iacute;a la econom&iacute;a, aumentar&iacute;a la deuda y dejar&iacute;a relegada a la clase media. V&eacute;alo por usted mismo:<\/p>\n<p><strong>La teor&iacute;a detr&aacute;s de los recortes de impuestos de Trump es la misma que usaron para los recortes fiscales en la era Bush y todos sabemos c&oacute;mo result&oacute;.<\/strong><\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.vox.com\/policy-and-politics\/2017\/11\/22\/16683462\/trump-tax-is-bad\">Vox:<\/a> &ldquo;La teor&iacute;a detr&aacute;s de los recortes de impuestos de Trump es exactamente lo que nos dio la econom&iacute;a fallida de Bush&#8221;<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.vox.com\/policy-and-politics\/2017\/11\/22\/16683462\/trump-tax-is-bad\">Vox:<\/a> &ldquo;La realidad es que si hacemos exactamente lo mismo que hicimos cuando George W. Bush fue presidente, es probable que obtengamos exactamente los mismos resultados: un patr&oacute;n de crecimiento no igualitario, una moneda poco competitiva que perjudica la fabricaci&oacute;n en suelo estadounidense y una econom&iacute;a basada en personas ricas que prestan dinero a la clase media para que puedan comprar casas&rdquo;.<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"http:\/\/www.univision.com\/noticias\/politica\/efecto-cascada-la-fracasada-teoria-economica-que-los-republicanos-usan-para-cortar-impuestos-a-las-corporaciones\">Univision:<\/a> &ldquo;&lsquo;Pese a las promesas de los promotores de los recortes de impuestos, la evidencia sugiere que estos no mejoraron el crecimiento econ&oacute;mico ni se sufragaron a s&iacute; mismos, si que en cambio aumentaron los d&eacute;ficits y la deuda y contribuyeron a un aumento de la desigualdad de ingresos&rsquo;, asegura un informe sobre el &lsquo;Legado de los Cortes de Bush&rsquo; publicado en octubre por el Centro del Presupuesto y Prioridades Pol&iacute;ticas de Washington.&rdquo;<\/p>\n<p><strong>Los principales economistas coinciden en que el plan tributario republicano no impulsar&iacute;a la econom&iacute;a y aumentar&iacute;a el d&eacute;ficit.<\/strong><\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.washingtonpost.com\/news\/powerpost\/paloma\/the-finance-202\/2017\/11\/22\/the-finance-202-there-is-something-very-strange-about-the-gop-tax-plan\/5a1471fd30fb0469e883f730\/?utm_term=.49d0af36adac\">Washington Post<\/a>: &ldquo;S&oacute;lo uno de los 42 principales economistas encuestados por <em>Initiative on Global Markets <\/em>en la <em>Booth School of Business<\/em> de la Universidad de Chicago pens&oacute; que las propuestas tributarias planteadas en el Congreso expandir&iacute;an significativamente la econom&iacute;a en una d&eacute;cada (22 en desacuerdo o muy en desacuerdo, 15 incierto y el resto no respondi&oacute;). Ninguno de esos economistas, de distintos espectros ideol&oacute;gicos, estuvo en desacuerdo con que las medidas que dejar&iacute;an a la naci&oacute;n cargada con una deuda sustancialmente mayor al tama&ntilde;o de la econom&iacute;a&rdquo;.<\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.washingtonpost.com\/news\/powerpost\/paloma\/the-finance-202\/2017\/11\/21\/the-finance-202-wall-street-to-washington-tax-cuts-are-sugar-high-that-don-t-promote-long-term-growth\/5a1330d830fb045a2e0032b2\/?utm_term=.4333eceb4a44\">Washington Post<\/a>: &ldquo;Pero los antiguos colegas de Mnuchin en Wall Street no est&aacute;n de acuerdo. Argumentan que una econom&iacute;a que ya est&aacute; activa no necesita una inyecci&oacute;n masiva de nuevos est&iacute;mulos de Washington. Y no solo ven que el plan no se paga por s&iacute; mismo con crecimiento econ&oacute;mico, sino que los financieros tambi&eacute;n se&ntilde;alaron un desventaja a corto plazo derivado de todo el nuevo gasto deficitario que requerir&aacute;n los recortes, ya que el endeudamiento federal podr&iacute;a desplazar la inversi&oacute;n privada en la econom&iacute;a&rdquo;.<\/p>\n<p><strong>Est&aacute; claro que la clase media no se beneficiar&iacute;a del plan republicano.<\/strong><\/p>\n<p style=\"margin-left:.5in;\"><a href=\"https:\/\/www.npr.org\/2017\/11\/21\/565767058\/study-finds-republican-tax-bills-directly-benefit-businesses-not-the-middle-clas\">NPR<\/a>: &ldquo;En un esfuerzo por vender su plan de impuestos, los republicanos en tanto la C&aacute;mara como en el Senado han vendido los beneficios para la clase media. Pero una revisi&oacute;n detallada de los planes revela que tales afirmaciones son enga&ntilde;osas&rdquo;.<\/p>\n<p style=\"margin-left:.5in;\">\n<a href=\"https:\/\/www.washingtonpost.com\/news\/the-fix\/wp\/2017\/11\/21\/__trashed-2\/?utm_term=.e59b5cb72b49\">Washington Post<\/a>: &ldquo;No es dif&iacute;cil ver que en cada uno de los esfuerzos dem&oacute;cratas en contra del proyecto republicano se use la frase &lsquo;la mitad de los estadounidenses terminar&iacute;an pagando m&aacute;s en impuestos&rsquo; ya que es un punto poderoso, como tambi&eacute;n lo es &lsquo;los ricos se benefician claramente de este proyecto de ley, pero la clase media no&rsquo;&rdquo;.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Republican tax plan would hurt our economy, add to the deficit, and leave the middle class behind. See for yourself: The theory behind Trump&rsquo;s tax cuts is the same as the Bush-era tax cuts, and we all know how those turned out. Vox: &ldquo;The theory behind Trump&rsquo;s tax cuts is exactly what gave us <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2106","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Republican Tax Plan Is Bad For The Economy - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/republican-tax-plan-is-bad-for-the-economy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-22T15:58:00+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/republican-tax-plan-is-bad-for-the-economy\/\",\"url\":\"https:\/\/democrats.org\/news\/republican-tax-plan-is-bad-for-the-economy\/\",\"name\":\"Republican Tax Plan Is Bad For The Economy - 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